Cannabis Software & Services Leader Mj Freeway Closes $8 Million In Series B Funding – Yahoo Finance

“I have been fortunate to invest in many of the foundational companies in Silicon Valley, including a dozen of the most successful players in enterprise software,” said Roger McNamee. “MJ Freeway is positioned to be the leading software platform in cannabis, empowering sound business practices in this rapidly growing legal market.” “As an early investor in the company, we continue to be impressed by the MJ Freeway team and products, which promote regulatory compliance, accountability and professionalism within the nascent and rapidly evolving legal cannabis industry,” said Joby Pritzker, Managing Director of Tao Capital Partners and Chairman of the Marijuana Policy Project, the largest organization in the United States focused on marijuana policy reform. “The rapid expansion of the legal cannabis market across the U.S. and the world demands intelligent, ahead-of-the-curve technology solutions that are grounded in the unique fundamentals of the cannabis plant and market. We have an amazing team of the smartest minds in the industry, and this investment will allow us to accelerate our next generation features and capabilities, as well as nimbly stay ahead of the needs of cannabis businesses and governments,” said Amy Poinsett, CEO and Co-Founder, MJ Freeway. Adds Jessica Billingsley, COO and Co-Founder, “We are equally excited about the investment and the caliber and experience of our investor partners, who will be key consultants advising us on growth strategies. We are proud to say that MJ Freeway has set the standard for seed-to-sale tracking software and technology solutions, and will continue to do so as the cannabis market matures and eventually reaches full legalization in the U.S. and other countries.” MJ Freeway is closing a very successful 2015 with not only strong revenue growth but as the recipient of several prestigious national business awards, including INC 5000’s list of Fastest Growing Companies in America, Fortune Most Promising Women Entrepreneur Award, and Entrepreneur magazine’s 360 Award for Best Entrepreneurial Companies in America. About Roger McNamee: Roger McNamee is an American businessman, investor, venture capitalist, and musician. He co-founded venture capital firm Elevation Partners. Previously, McNamee co-founded Silver Lake Partners, the first private equity firm focused on technology, and Integral Capital Partners, a joint venture with Kleiner Perkins Caufield & Byers that pioneered crossover investing.

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